Short-term rates to stay stable as Bank Negara intervenes

The central bank estimated today’s surplus at RM26.127 billion in the conventional system and RM6.904 billion in Islamic funds.

It will conduct four conventional tenders comprising four RM1.5 billion tenders for seven days, 14 days, 21 days and 30 days.

It will also conduct a RM500 million repo tender for 45 days.

Bank Negara will also call for four Al-Wadiah tenders, namely RM1.55 billion for seven days, RM1.5 billion for 14 days, RM1.25 billion for 21 days and RM1.3 billion for 28 days.

At 4pm, the central bank will conduct a conventional overnight tender of up to RM19.6 billion and a RM2.3 billion Al-Wadiah overnight tender. —Bernama

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